Global facility for disaster reduction and recovery
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Subjects

Subjects / Keywords:
Disaster relief ( lcshac )
Disaster response and recovery ( lcshac )
Risk management ( lcshac )
Genre:
non-fiction ( marcgt )

Notes

Summary:
This document is an information brochure on the Global Facility for Disaster Reduction and Recovery (GFDRR), a new initiative by the World Bank in support of the implementation of the Hyogo Framework for Action (HFA) in low and middle-income countries with high levels of disaster risk. It aims to elicit feedback and support for the GFDRR from World Bank partners. When disasters have occurred in the past, recovery has often remained under-funded, leading to devastating impacts on development despite donor support and reallocation of development portfolios in response. This points to the need for the development of stronger national and global mechanisms for financing recovery; financing mechanisms that emphasize speed, flexibility, and innovation in working to jump-start economies affected by disaster and ensuring that poverty-reduction policy objectives are met. The document presents the establishment of a global facility for financing disaster recovery in developing countries as a possible answer. The global facility will have three-tracks. Track I will support the United Nations International Strategy for Disaster Reduction’s (UNISDR) global and regional processes to enable the leveraging of country resources for ex-ante investment in prevention, mitigation, and preparedness activities, particularly in low and middle-income countries. Track II, operated as a multi-donor trust fund, will provide technical assistance to low-and middle-income countries in terms of integrating disaster risk reduction (DRR) into their strategic planning, particularly their Poverty Reduction Strategies (PRSs) and sectoral development policies. Under track III, a Standby Recovery Financing Facility will be established to support low-income countries that have initiated disaster prevention investments, but have limited fiscal space, and may require additional resources. The global facility will mobilize technical and financial resources from partner governments and institutions to serve country demands for knowledge and advisory services in the following five categories: analytical and advisory services; institutional capacity building; advocacy, training, and capacity-building; critical infrastructure risk mitigation; and standby recovery financing. The global facility is in alignment with the World Bank’s strategic frameworks, such as the millennium development goals and its efforts to mainstream hazard risk management into macroeconomic and sectoral development policies. Other issues discussed in the documents include global-country linkages, implementation, and sustainability. ( English )
Scope and Content:
General Risk Reduction ( English )
Citation/Reference:
(2007). Global facility for disaster reduction and recovery. United Nations International Strategy for Disaster Reduction (UNISDR), the World Bank (WB).

Record Information

Source Institution:
Florida International University
Rights Management:
Refer to main document/publisher for use rights.
Resource Identifier:
FI13022739

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Aggregations:
Disaster Risk Reduction